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News in English (USA) / 16.07.2025 / 20:00

Trump Takes Charge as Crypto Legislation Faces Challenges in Congress

In a tumultuous week for cryptocurrency legislation on Capitol Hill, Donald Trump has stepped in to rally support for key bills, including the GENIUS Act and Clarity Act, amidst resistance from hard-line conservatives. Following a procedural setback that stalled these bills, Trump announced that many House GOP members have agreed to back his proposals, reigniting optimism for a significant legislative win. Despite the ups and downs, Bitcoin has seen a surge, reflecting hopes that Congress could finally deliver on crucial stablecoin regulations. Meanwhile, discussions continue as lawmakers navigate the complexities surrounding digital assets, with both support and opposition emerging from various factions within the party.
Forbes, Politico, CNBC, Axios, AP News, The Hill, CoinDesk, Al Jazeera, Cointelegraph, "Barrons"